The Secretary of State for Business, Enterprise & Regulatory Reform has presented petitions in the High Court to wind up six building companies in the public interest.

The petitions to wind up the companies were presented following confidential enquiries carried out by Companies Investigation Branch (CIB) under the provisions of Section 447 of the Companies Act 1985, as amended.

-- Advertisement --

On the application of the Secretary of State the Official Receiver has been appointed by the Court as provisional liquidator of all six companies. The role of the Official Receiver is to protect the assets and financial records of the companies pending determination of the petitions.

As the matter is before the Court no further information will be made available until the petitions are determined. The petitions are all listed for hearing on 20 February 2008.

The building companies were Bristol-based Crestmere Construction Limited, Protectioncoat Developments and Dovestone Construction Limited, Construction Management Development Limited from Gloucestershire and CMD Construction Services Limited from Gloucester.

(JM)